Romaine at a glance
1,895
People
$585,000
Median sale
$460/wk
Median rent
4.09%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
$490,000
For sale
Asking
0
Bedrooms
0
Bathrooms
0
Car spaces
3,384 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$490,000
Asking · $145/m² of land
No recorded sale for this property.
Romaine at a glance
1,895
People
$585,000
Median sale
$460/wk
Median rent
4.09%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
Vs Romaine
-16.2%
Median sale
Suburb $585,000
+0.79 pp
Gross yield
Suburb 4.09%
Suburb median $585,000 from 14 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$21,780 on top of the price (4.4% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Tasmania schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Pre-filled with Romaine's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
TASPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $460/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 4.9%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Romaine at a glance
1,895
People
$585,000
Median sale
$460/wk
Median rent
4.09%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Elders Real Estate BurniePresenting an opportunity to secure a development-ready site with much of the preliminary planning work already completed, this approximately 3,384m² parcel of land on Atkins Drive comes with planning approval in place for eight single-storey, two-bedroom dwellings.
Planning Permit DA 2024/41, issued 30 March 2026, provides approval for a thoughtfully designed residential development comprising eight practical, single-level homes. With the planning process taking approximately two years to complete, a significant amount of time, consultant input and development risk has already been absorbed, giving the incoming purchaser the benefit of an established pathway towards bringing the project to life.
The approved scheme has been designed by Ulverstone-based n+b design and provides for eight two-bedroom dwellings, each offering a functional and highly marketable configuration. The development incorporates garages, additional parking, and designated visitor spaces, creating a well-considered residential offering suited to the needs of the local market.
The single-storey, two-bedroom format provides broad potential appeal upon completion. Downsizers, smaller households, long-term renters, and those seeking modern, low-maintenance accommodation are all natural markets for this style of property. The project may equally warrant consideration by private developers, residential investors and community or affordable housing providers.
Importantly for prospective developers or builders, planning documentation identifies access to reticulated water, sewer, and stormwater infrastructure. The established infill setting further enhances the site's development credentials, with existing residential areas and services surrounding the property.
Location is another strength. Romaine Park Primary School and Parklands High School both within walking distance. Public transport connections towards Burnie are also nearby, while the wider Burnie urban area provides convenient access to employment, shopping, education, health services, and everyday amenities.
Whether considered as a traditional residential development, a build-and-hold investment project or for housing-provider purposes, this is an opportunity to take advantage of an approved scheme and progress an already well-advanced development concept.
Key Features
• Approximately 3,384m² development site
• Planning Permit DA 2024/41 issued 30 March 2026
• Approved for eight single-storey dwellings
• Two bedrooms to each dwelling
• Garages, additional parking, and visitor parking incorporated
• Approximately two years of planning and approval work already undertaken
• Access to reticulated water, sewer and stormwater identified within planning documentation
• Approved scheme designed by multi-award-winning Ulverstone studio n+b design
• Romaine Park Primary School + Parklands High School close by
• Public transport connections towards Burnie nearby
• Potentially suited to developers, investors and community or affordable housing providers
With planning approval secured and much of the preliminary work already undertaken, opportunities of this nature allow purchasers to focus their attention on progressing the project rather than starting the development approval process from scratch.
For further information, including the approved plans and associated planning documentation, contact Amy Davidson today.
DISCLAIMER: While Elders Real Estate Burnie has taken every care to verify the accuracy of the details in this advertisement, we cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters. Some images provided are conceptual renders of potential dwelling designs and are subject to council approval and all necessary permits.
Listing description written by Amy Davidson, Elders Real Estate Burnie — reproduced as published, not verified by Districts.
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